Oct 30 (Reuters) - Personal-finance firm Credit Karma is in
talks to sell its tax-preparation business to Square Inc,
the Wall Street Journal reported on Friday, citing people
familiar with the matter.
The move is aimed at avoiding potential antitrust objections
to Credit Karma's pending sale to TurboTax maker Intuit Inc.
, the report added. (https://on.wsj.com/2TQzifP)
The U.S. Justice Department is concerned that bringing
together Credit Karma's tax-preparation business with TurboTax
would leave taxpayers with fewer and potentially more expensive
options, the report said.
Credit Karma and Square did not immediately respond to
Reuters requests for comment.
Earlier in February, Intuit said it would buy Credit Karma
for $7.1 billion, in what was the largest deal in the company's
37-year history. (https://reut.rs/3oAVSal)
(Reporting by Niket Nishant in Bengaluru; Editing by Shailesh